$IOTX /USDT CONTINUES ITS BEARISH TREND – SELL PRESSURE STILL DOMINANT!
After peaking at $0.03200,
$IOTX /USDT has been consistently making lower highs and lower lows and is now trading at $0.02396 (-3.66%). The breakdown below key short-term supports indicates sellers remain in control. Unless price reclaims the $0.02650–$0.02700 zone, the path of least resistance stays to the downside.
Trade Setup:
Entry (Short): $0.02400 – $0.02450
Take Profit (TP): $0.02200 / $0.02000
Stop Loss (SL): $0.02680
Market Outlook:
Momentum indicators show weakness with no strong reversal signals yet. Until a solid base forms or bullish divergence appears,
$IOTX /USDT is likely to continue grinding lower or consolidating at the bottom. Conservative traders should wait for a clear trend reversal before considering new longs.
#IOTX #CryptoTrading #BearishTrend #TechnicalAnalysis #Altcoins buy and trade here on $LOT
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